The entire American standard of living is artificially high right now, resting on the ability of Americans to borrow money from foreigners.
Some of the smaller stocks have been moving, but the big stocks are going to take real money to move.
That shows that big money is not buying, Wall Street does not believe this rally, they are still skeptical and are waiting for the gold price to fall.
Gold is not overvalued at $500, and gold will not be overvalued at $1,500 or $2,000. The real money is buying gold and putting it away.
Printing money is merely taxation in another form.
At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.
Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.
Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.